January 4, 2017
El Segundo, CA-based Alvarez & Marsal Capital Real Estate, LLC acquired Research Center Plaza in Carlsbad, CA from a Lincoln Property Co. entity for $15.3 million. The 81,118-square-foot R&D/office campus is the third Carlsbad Research Center acquisition by Alvarez & Marsal in the last six months.
The 90% leased Research Center Plaza campus is located at 2232, 2234 and 2236 Rutherford Rd. Lincoln completed an interior and exterior revitalization program since acquiring the property two years ago. That included creating office lofts with collaborative features, open ceilings and natural lighting.
Cushman & Wakefield’s Rick Reeder and Aric Starck represented the seller. The buyer was self-represented.
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